Nomura Holdings Inc. Acquires Shares of 5,760 Boot Barn Holdings, Inc. (NYSE:BOOT)

Nomura Holdings Inc. bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,760 shares of the company's stock, valued at approximately $874,000.

Several other institutional investors have also recently made changes to their positions in BOOT. Signaturefd LLC grew its stake in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. grew its stake in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd purchased a new stake in Boot Barn during the 4th quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC grew its stake in Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after purchasing an additional 509 shares during the last quarter.

Insider Activity

In other Boot Barn news, insider Laurie Marie Grijalva sold 2,438 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total transaction of $391,713.46. Following the completion of the sale, the insider now directly owns 14,593 shares of the company's stock, valued at approximately $2,344,657.31. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BOOT. Wall Street Zen downgraded Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. JPMorgan Chase & Co. decreased their price objective on Boot Barn from $209.00 to $196.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Stephens assumed coverage on Boot Barn in a report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price objective for the company. UBS Group upped their price target on Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Robert W. Baird upped their price target on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $170.62.

Boot Barn Price Performance

Shares of BOOT traded down $2.32 during midday trading on Friday, hitting $157.26. The stock had a trading volume of 815,938 shares, compared to its average volume of 829,800. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. The company has a 50 day simple moving average of $112.77 and a two-hundred day simple moving average of $131.14. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). The company had revenue of $453.75 million for the quarter, compared to the consensus estimate of $458.56 million. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Boot Barn Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.